SaabTech gives notice to 70 employees in Stockholm

SaabTech today notified the Regional Employment Board of its plans to
give notice to 70 people at its operations in Järfälla, Kista and
Uppsala. Most of those affected are development engineers but some
administrative staff are also included.

"The reductions are a consequence of reduced workload on the development
side," says SaabTech's President, Björn Erman. "Several of our larger
development projects are now moving into the production phase, and they
are not being replaced with any major new development commissions.

"From the company's side we will naturally do everything possible to
support the employees who are leaving."

SaabTech reduced its numbers by about 100 people in 2003, and currently
has 1700 employees, of whom more than 1300 are in the Stockholm area.

Discussions with the appropriate trades unions have already begun.

Saab is one of the world's leading high-technology companies, with its
main operations focusing on defence, aviation and space. The group
covers a broad spectrum of competence and capabilities in systems
integration.

For further information please contact:
Björn Erman, President, SaabTech,
Tel: +46 8 580 851 80 or +46 70 554 00 40
Anna Bergenlid, Director of Communications & PR, SaabTech,
Tel: +46 8 580 853 06 or +46 73 437 53 06

www.saab.se


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